Ripple, DBS, Franklin Templeton to Offer Tokenized Money Market Fund Trading

Core Insights - DBS Group has partnered with Franklin Templeton and Ripple to facilitate institutional trading and lending for tokenized assets on the XRP Ledger, with the announcement made on September 18 [1] - The collaboration aims to enhance market efficiency and liquidity, allowing accredited investors to swap between tokenized assets and earn yield, while exploring the use of sgBENJI token as collateral for credit [2] Market Growth - The partnership enters a rapidly growing market for Real-World Assets (RWA), with the total on-chain RWA value surpassing $30.2 billion, reflecting a nearly 10% increase over the past 30 days [3] - Major blockchains like Ethereum and Polygon hold significant RWA values, with over $9.1 billion and $1.1 billion respectively [3] Franklin Templeton's Position - Franklin Templeton is a key player in the tokenized asset sector, with its Franklin OnChain US Government Money Fund (BENJI) holding over $736 million in assets, making it one of the largest tokenized funds [4] - The new initiative with DBS and Ripple further expands Franklin Templeton's presence in the market, following a recent collaboration with Binance to develop new digital assets [4] Other Partner Activities - DBS has previously launched tokenized structured notes on the Ethereum network, while Ripple has initiated the deployment of its new stablecoin, including a $25 million donation [5]